Streaming is often perceived as a competitor to the traditional TV system, but the introduction of a new service in the U.S. raises the possibility that instead of one replacing the other, the two could merge into a new hybrid offering both live TV and on-demand streaming. Earlier in July, Comcast Corp. announced that it was going to launch an Internet-based video streaming service. Stream will cost $15 US a month and will allow customers to watch about a dozen channels live, including the major broadcast networks and HBO, and access on-demand programming and TV-everywhere and PVR services on...